Marijuana Sales in Washington State Surpass $1 Billion

WA Marijuana Dispensary

Recreational marijuana was legalized in Washington in 2014. Since then, sales have exceeded $1 billion, and the state has received more than $250 million in marijuana sales excise taxes.

June 2016 was reportedly the month with the largest amount of sales, with the total being approximately $86.7 million, according to The Washington Times. From those sales alone, $20 million in taxes were generated. Reports show double the amount of sales from those in June 2015.

It is estimated that the domestic marijuana industry in the U.S. is worth approximately $7.2 billion. The recreational marijuana market in Washington is thriving, continuing to prove that the marijuana industry can be a positive impact on the society and economy. Increased tourism to the state following recreational legalization is also a large factor in the sales numbers.